February 2018 Market Update

We cannot believe that this weekend marks the beginning of Daylight Savings ALREADY! Spring really is just around the corner. For now, we have an update for you on what happened in the real estate market in February 2018.

The average residential sale price was $429,600 continuing the upward trend. This is 2.7% higher than the average sale price for February of last year. However, 729 residential properties were sold which is down from 979 properties last February, a 2.3% drop. We expect that this number will rise as the spring market really gets moving.

The average condo sale price was $273,174 up 5.6% over February 2017…again continuing an upward trend which is moving quickly for condos. 250 condos were sold last month.

We expect a bit more stability in the market as we notice more and more homes being listed. However, we are still

As always, please contact us should you require any further information or would like to know what is happening in your specific neighbourhood and with your home.

We now have KANATA specific stats as well for the month of February. Average house price is up 9.3% to $408,345 and the number of houses sold is up 16.7% to 91 houses sold as compared to February 2017. See below for details.